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Jan 17, 2013
01/13
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and call it a liberal tax. the conservative restaurant owner charges left-wing moore for their drink and donate the cash to right-wing causes. is it a boom for his business? the owner serves as a big helping of a government economics. even when i say this not, it is always about "money." adam: and a good evening to you. we want to look at the days headline market. a tough day for stocks. the dow snapped a five-day nning streak falling 23 points. more turbulence for boeing 787 dreamliner. a faulty battery forced an emergency landing of a 787 in japan after a result the japan airlines are grounding their entire dreamliner flight facing safety inspections. shares of boeing fell more than 3%. hewlett-packard rallied more than 4% reported they received buyer interest for the edf units in recent days, however sources say no major sailors coming anytime soon. but we have to move on to the story that everybody is talking about. president obama signing 23 separate executive actions on gun violence today. and those actio
and call it a liberal tax. the conservative restaurant owner charges left-wing moore for their drink and donate the cash to right-wing causes. is it a boom for his business? the owner serves as a big helping of a government economics. even when i say this not, it is always about "money." adam: and a good evening to you. we want to look at the days headline market. a tough day for stocks. the dow snapped a five-day nning streak falling 23 points. more turbulence for boeing 787...
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Jan 21, 2013
01/13
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the 9 billion is all tax deductible. the irs says the compensation to homeowners as the cost incurred in the course of doing business and is not a fine or penalty but the result of wrongdoing. i say if they didn't do anything wrong there probably wouldn't be showing -- shelling of billions of dollars. we should not be footing any part of the bill for the mistake . as one homeowner put it, the government comes after us for every little bit of money we have. that's because we aren't too big to fail. we just have to bail out the ones that are. that's what i think. now we want to know what you think. here's our question. should banks be allowed to deduct the mortgage settlement? log on to gerriwillis.com, vote on the right inside the screen and all share the results of the end of the show. not to the latest developments in the hostage situation in algeria. one american reportedly dead a takeover and natural gas plant by islamic militants. algerian news agencies report around 100 foreign workers are freed. the fate of 30 othe
the 9 billion is all tax deductible. the irs says the compensation to homeowners as the cost incurred in the course of doing business and is not a fine or penalty but the result of wrongdoing. i say if they didn't do anything wrong there probably wouldn't be showing -- shelling of billions of dollars. we should not be footing any part of the bill for the mistake . as one homeowner put it, the government comes after us for every little bit of money we have. that's because we aren't too big to...
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Jan 16, 2013
01/13
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stuart: drop the personal income tax at the state level and they switch to a sales tax. that's what they are talking about doing. liz: it's being criticized because it's being considered regressive. stuart: but everybody pays. liz: i don't like the government of the state knows my income. that bothers me. charles: making exception for food groceries and also utilities. stuart: that's true. nebraska's governor joins us tomorrow on this program. he's going to talk about all this, 9:20 eastern is when we kick it off. the highlight reel is next. stuart: a program note. tomorrow charles payne sit in this chair. i am out, charles and in. here is a highlight reel. the new gum law
stuart: drop the personal income tax at the state level and they switch to a sales tax. that's what they are talking about doing. liz: it's being criticized because it's being considered regressive. stuart: but everybody pays. liz: i don't like the government of the state knows my income. that bothers me. charles: making exception for food groceries and also utilities. stuart: that's true. nebraska's governor joins us tomorrow on this program. he's going to talk about all this, 9:20 eastern is...
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Jan 15, 2013
01/13
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even if we go to the brink, they will keep taking the taxes out. tax revenue keeps coming in what washington has to decide is prioritizing what money goes out and where? what do you think is top, top priority. the bill to pay before all others? like if we were in same boat, same emergency we would pay the mortgage or rent first to keep a roof over our head, we prioritize, so does uncle sam like we know we might as well toss our home good-bye. the government knows a default comes only, when obligations to spreadtorcreditors or investorst paid. that is their mortgage emergencies, that upsetting the other stuff, defaulting it is not, that is why some republicans are paying so tough, raise but only if you match in equal spending cut, president said that is crazy, tea party activist thinks that going through this shar charade is cr, what do you think? >> i am so glad that you are pointing this out, i think it is so irresponsible -- i know that very few others in the media are going to point this out. this is a perpetual problem, it is a lie. and it is u
even if we go to the brink, they will keep taking the taxes out. tax revenue keeps coming in what washington has to decide is prioritizing what money goes out and where? what do you think is top, top priority. the bill to pay before all others? like if we were in same boat, same emergency we would pay the mortgage or rent first to keep a roof over our head, we prioritize, so does uncle sam like we know we might as well toss our home good-bye. the government knows a default comes only, when...
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Jan 17, 2013
01/13
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unless we get the cooperation from the political parties who say taxes how much they spend and how much they regulate. by that, it is just not sufficient. we spoke about last night was about the banks, not monetary policy. david: there is a conflict with regards to the fed interest and pump up the market, if you will, and unemployment mandate for the employment mandates you just mentioned. stocks go up and companies lay workers off, that happened with american express and in the past with other companies, so if the intention of the fed is to pump up the stock market, doesn't that sometimes conflict with its mandate to keep unemployment low? >> they're all kinds of approaches to this, david. one of them is the wealth effect, if stocks go up, through the broad pulls the mutual fund or more directly obviously feel wealthier and will be able to spend more and pump of consumption with consumption driven society others might argue it is a narrower base than it used to be, so it is a give and take, pros and cons of every single argument. clearly those publicly traded have been able to capitali
unless we get the cooperation from the political parties who say taxes how much they spend and how much they regulate. by that, it is just not sufficient. we spoke about last night was about the banks, not monetary policy. david: there is a conflict with regards to the fed interest and pump up the market, if you will, and unemployment mandate for the employment mandates you just mentioned. stocks go up and companies lay workers off, that happened with american express and in the past with other...
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Jan 18, 2013
01/13
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they want to move states that are dynamic, cutting taxes. look of other states with zero tax rates, they want to move to dynamic economies. stuart: diana workers leave and dynamic companies that want to hire do not come into illinois. that is the connection with the high level of government spending and government debt. >> precisely right. if you think about this is the scary part for illinois, the people who can leave on the ones that have money and they leave so people forced to sit down have means and the amount of debt i know you have covered on the amount of the lloyd that you are going to leave a bunch of debt to people can't pay and that smell like insolvency. stuart: i keep asking the same questions you and other people from illinois. when does crunch time come? when do we stop lending and when does a lawyer asked the fed's 4 bailout? >> you have lead on this and ask the right questions. illinois continues to fell to get a handle, politicians won't take on the unions, they won't reform pensions and it is becoming dangerous. stuart: w
they want to move states that are dynamic, cutting taxes. look of other states with zero tax rates, they want to move to dynamic economies. stuart: diana workers leave and dynamic companies that want to hire do not come into illinois. that is the connection with the high level of government spending and government debt. >> precisely right. if you think about this is the scary part for illinois, the people who can leave on the ones that have money and they leave so people forced to sit...
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Jan 21, 2013
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plus, we had $520 billion of new taxes from obamacare. this would be the third tax increase. melissa: i really hope you're right because i feel their is a tide of higher taxes. its role in norway. it will keep all of us out to see no matter what our income bracket because it seems like before this last deal there was this notion that if republicans just gave in and went ahead with some higher taxes that then we could get down to the business of spending cuts. that was the idea that was out there. take your medicine now and then we will get down to the business of cutting spending once we have this out of the way. instead, it has been quite the opposite. this was just the first up. the camel's nose in a tent. now there are many more higher taxes coming. are you sure that there are enough democrats out there that would stand in a way of this? because i don't know. >> well, we will see. you may be right that some of these democrats make all unite behind the schumer obama budget which calls for somewhere in the neighborhood of another trillion dollar tax increase. the point i was
plus, we had $520 billion of new taxes from obamacare. this would be the third tax increase. melissa: i really hope you're right because i feel their is a tide of higher taxes. its role in norway. it will keep all of us out to see no matter what our income bracket because it seems like before this last deal there was this notion that if republicans just gave in and went ahead with some higher taxes that then we could get down to the business of spending cuts. that was the idea that was out...
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Jan 17, 2013
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now to taxes and what we're calling many state by state tax revolt. five states are looking to eliminate state income taxes for people and corporations, they are louisiana, kansas, north carolina, oklahoma, and nebraska. if you wouldn't know it, the governor of nebraska, david henman is here and he's going to explain. thanks for joining us this morning. all of a sudden, did these states have the same epiphany or the same realization that there's only way to get the local economies going and that would be to change their taxes? >> well, i would tell you, charles, we have all looked at the economy that we're competing in, which is worldwide, and we know we need to be more tax competitive. i want to create more jobs in this state, our state, for citizens and higher paying jobs and the way to do that is to have lower income tax rates and corporate rates and in our particular case, i'm proposing the complete elimination of the income tax and the corporate tax rate. we do that by repealing some of the sales tax exemptions that we've granted over the years,
now to taxes and what we're calling many state by state tax revolt. five states are looking to eliminate state income taxes for people and corporations, they are louisiana, kansas, north carolina, oklahoma, and nebraska. if you wouldn't know it, the governor of nebraska, david henman is here and he's going to explain. thanks for joining us this morning. all of a sudden, did these states have the same epiphany or the same realization that there's only way to get the local economies going and...
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Jan 17, 2013
01/13
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a lot to our tax funds the they own nearly 20% of the investments from apple stock is that a good idea? >> it depends going forward. gerri: what happened to a different pot? that is ridiculous. >> the rule that mutual funds you should not have more than 10% of any position. gerri: how many growth fund and value fund with the same stock? i think portfolio managers saw the of run up and wanted to get on board whether not yet matched their portfolio plan they plowed a bunch of money into it. >> there was momentum chasing for sure. apple is going through a major transition in terms of the growth profile. it had a hyper growth period now going forward just a normal good growth period the results in a change of ownership. one year ago more growth fund had the stock with a larger percentage from apple. gerri: by so or hold? >> i would hold for sure. exciting for apple going forward we have patterns of period to go into these periods and then slowed down. you do see the a 25% correction but you cannot predict when it sorts out but they are changing the business model. they will become more bra
a lot to our tax funds the they own nearly 20% of the investments from apple stock is that a good idea? >> it depends going forward. gerri: what happened to a different pot? that is ridiculous. >> the rule that mutual funds you should not have more than 10% of any position. gerri: how many growth fund and value fund with the same stock? i think portfolio managers saw the of run up and wanted to get on board whether not yet matched their portfolio plan they plowed a bunch of money...
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Jan 17, 2013
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the irs pushed back its opening date for tax season by eight days to january 30th. if you're interested to see how the other guys have done, here is a to our block with into it. very similar picture. not as big a jump today. looking pretty good. shares taking off. let's look at the moment. let's get to sony. >> we talk about it. a great job over at the consumer electronics show. remains in focus especially today. the ceo, the new ceo talked about the fact that he really is going to shepherd this ship and move this forward. facing tense competition from apple and samsung. as i really have the product of innovation to keep it competitive. the stock is down about 35 percent over the last 52 weeks. he is now saying that he is shepherding several projects parcel himself. does not get caught up in bureaucracy. does not suddenly fade away. coming out of the tokyo headquarters. a great interview with him and really said, where are the real products that everyone has talked about? we all remember our sony walkman this command. it really being competitive to apple and samsung
the irs pushed back its opening date for tax season by eight days to january 30th. if you're interested to see how the other guys have done, here is a to our block with into it. very similar picture. not as big a jump today. looking pretty good. shares taking off. let's look at the moment. let's get to sony. >> we talk about it. a great job over at the consumer electronics show. remains in focus especially today. the ceo, the new ceo talked about the fact that he really is going to...
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Jan 16, 2013
01/13
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if you look at corporate taxes, they are all trending in the right direction from a public standpoint. the country has a lot of natural resources. liz: but you don't want to become like australia. >> in terms of being a natural resource country, they do have a lot of natural resources companies, but they have other superb financial companies too. the banks and get into all the trouble that we did. liz: canada did not allow -- they have enough good regulations, not overregulated that didn't allow their regulations to take a bad stance. >> that's right, we like nova scotia. it's a very interesting story. one more thing, it is possible to have relations with china through canada. second-largest exporter and that is key to fueling the industry -- the steel industry. liz: that's right, huge in canada and natural technology resources. jay, nice to see you, thank you for joining us. my parents are canadian. don't be all excited that they will be that we mention canada. shares of one company traveling higher today, we will tell you which luggage maker is doing well. . . . .. look, if you have
if you look at corporate taxes, they are all trending in the right direction from a public standpoint. the country has a lot of natural resources. liz: but you don't want to become like australia. >> in terms of being a natural resource country, they do have a lot of natural resources companies, but they have other superb financial companies too. the banks and get into all the trouble that we did. liz: canada did not allow -- they have enough good regulations, not overregulated that...
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Jan 16, 2013
01/13
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now if they make a deal on the debt deal that eliminates tax-free bonds being attacked, the tax-free bonds being attacked at the white house, then it changes as the markets are pricing in a risk that may happen. which means it doesn't happen, tax-free bonds are cheap. lori: bigger picture, we saw huge inflow of into the equity market last week. the data was shocking to a lot of people, are you seeing a rotation out of bounds because the rates have been low for so long? >> we had a massive inflow into bonds. early data would show there is a shift, but potential for a shift to stocks given the relative yields and the potential i think it's quite good, very large, i like it. lori: thank you for sharing your outlook on things. good to see you. >> thanks. tracy: i love how he said in glorious outcome, that invokes like jesus coming down to make it happen or something. lori: and i could be the next treasury secretary. tracy: and you do have nice penmanship. president obama signing 23 actions in the last hour urging out the time to act on gun violence in america. peter barnes at the white h
now if they make a deal on the debt deal that eliminates tax-free bonds being attacked, the tax-free bonds being attacked at the white house, then it changes as the markets are pricing in a risk that may happen. which means it doesn't happen, tax-free bonds are cheap. lori: bigger picture, we saw huge inflow of into the equity market last week. the data was shocking to a lot of people, are you seeing a rotation out of bounds because the rates have been low for so long? >> we had a massive...
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Jan 16, 2013
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they did not raise taxes. in addition, we have a very business friendly atmosphere. if you come to texas, we will not pull the rug out from under your feet. connell: businesses, sometimes individuals, sometimes larger businesses are leaving state than going to others mostly because of taxes. how much of that juicy and texas in texas and what industries is a really predominate. >> we do not have an income tax. that is a powerful magnet. they do not expect us to go ahead and spend beyond our means. they, in because of the business atmosphere and because we like visitors. a friendly place. the idea of getting to the numbers that you talked about during the first part of the interview and getting through the projections that this particular group put out that this $9 billion gap, specifically, how do you get there sure mark where did the cuts come from? >> i do not know where that number came. there will be a supplemental appropriations bill which we filed in a few weeks. they will fill some of the medicaid that we do not have. it is available in the surplus and it is av
they did not raise taxes. in addition, we have a very business friendly atmosphere. if you come to texas, we will not pull the rug out from under your feet. connell: businesses, sometimes individuals, sometimes larger businesses are leaving state than going to others mostly because of taxes. how much of that juicy and texas in texas and what industries is a really predominate. >> we do not have an income tax. that is a powerful magnet. they do not expect us to go ahead and spend beyond...
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Jan 13, 2013
01/13
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if it copes up a neil: tax hikes you canning in, job cuts, well with, piling up. the president claiming we really don't have a spending problem in this country. what a wk. now the flu is threatening to make an already-sick economy even weaker. we've got business owner, toma here on the medical and financial hit respectively. doctor, to you first. how bad does this get? >> this bug is going to cost big bucks. the last time wead a flu epidemic like this it cost us about $100 million in lost days, $7 billion in lost compensation, and the cdc is projecting that just the direct medical costs alone from this flu epidemic could cost over $10 billion. neil: all right, you're talking about the center or for disease control. but i want to know, why is it so bad, doctor? why is it as bad as it is? are these shots not working? is it a different strain of flu that's grown? >> yeah, couple of things. this particular flu strain, h3n2, is associated with more complications than previous strains of the flu. sometimes people who initially have flu symptoms and then actually get wor
if it copes up a neil: tax hikes you canning in, job cuts, well with, piling up. the president claiming we really don't have a spending problem in this country. what a wk. now the flu is threatening to make an already-sick economy even weaker. we've got business owner, toma here on the medical and financial hit respectively. doctor, to you first. how bad does this get? >> this bug is going to cost big bucks. the last time wead a flu epidemic like this it cost us about $100 million in lost...
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Jan 18, 2013
01/13
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tracy: you have low corporate taxes, low real estate taxes for commercial properties. i would think it'd be pretty easy to wear the businesses in. what stops them? >> we have had great success working with california businesses. our strategy is to work with california businesses looking to expand their operations outside of california. in addition to that we are working with arizona businesses looking for a new market. the ninth larges next largest ee world and proximity to california is a real business advantage. tracy: getting some pretty good tax breaks. can the state continue to afford to offer such good deals? >> our governor and our state legislature have aggressively been putting into and enacting policies and laws to increase opportunities for businesses that are successful. they have run two very aggressive agendas to ensure we have a pro-business environment, less regulation, the focus in arizona is to ensure businesses can succeed. tracy: do provide a breakdown of how much they would see if they came to arizona? >> absolutely. a very comprehensive strategy.
tracy: you have low corporate taxes, low real estate taxes for commercial properties. i would think it'd be pretty easy to wear the businesses in. what stops them? >> we have had great success working with california businesses. our strategy is to work with california businesses looking to expand their operations outside of california. in addition to that we are working with arizona businesses looking for a new market. the ninth larges next largest ee world and proximity to california is...
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Jan 18, 2013
01/13
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>> he enacted the largest tax increase at the state level in history. i resigned as the chief republican whip in protest. john: he also funded stem cell research. i talk to the guy pushing this and i said you could pay for this yourself why is it a government job? >> democrats wanted to stick a thumb into the eye of georgia bush just like the emission standards to say we are californians. john: then i read this organization has to be revamped, a conflict of interest, all of this money is invested? >> now with about the initiative another large tax increase in history now by $50 billion. but they are lying. revenue projections will not come true. the balanced budget looks good in jittery but then the revenues come of you say it is a shortfall. it could be a billion or $30 billion. we will see that happen again. john: chuck devore you moved to texas? >> the states are so similar. population, the second and third states with land mass mass, more similar than different, both last with natural resources and a coastline with ports. similar on the surface why
>> he enacted the largest tax increase at the state level in history. i resigned as the chief republican whip in protest. john: he also funded stem cell research. i talk to the guy pushing this and i said you could pay for this yourself why is it a government job? >> democrats wanted to stick a thumb into the eye of georgia bush just like the emission standards to say we are californians. john: then i read this organization has to be revamped, a conflict of interest, all of this...
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Jan 17, 2013
01/13
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lori: one tax stock or company helping you file your tax returns is hitting a 52-week high. is there more upside the head? melissa: and retirement age racing. they plan to increase the retirement age to 70. a look at metals as we head out to break. gold trading higher by half a percentage point. copper leading the way from a percentage point of view. we will be right back. melissa: as with every 15 minutes, let's check the market. nicole is watching. nicole: i am, indeed. this is a name that has headlines and number one performer in the s&p 500 today. stellar performance, up 9.5%. there is quite a bit going on with cbs. they're turning their north and south american outdoor advertising divisions, putting some billboard divisions up for sale. one analyst says a split could unload asset values between 5,000,000,006,000,000,000. here is a one-year chart that shows you how well they set up for the one-year period the tenure charge shows how we went through the crisis. recouped all those losses and still better than it was prior to that. however back in 2000, '99, 2000, but it da
lori: one tax stock or company helping you file your tax returns is hitting a 52-week high. is there more upside the head? melissa: and retirement age racing. they plan to increase the retirement age to 70. a look at metals as we head out to break. gold trading higher by half a percentage point. copper leading the way from a percentage point of view. we will be right back. melissa: as with every 15 minutes, let's check the market. nicole is watching. nicole: i am, indeed. this is a name that...
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Jan 17, 2013
01/13
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when you are looking for your friend, maybe you are wanting to tax them. you cannot take it one step further and you can actually call them. facebook is trying to keep its site more sticky. we had graph search on earlier this week. this voice over ip addition will keep people from using other competitive products. no hardware, a software facebook phone. there you have it. connell: we will see if it works. thank you, shibani. dagen: we have some very critical news to bring you. a tent situation in algeria americans are among those being held. a drone is being used to monitor the situation. connell: we have mike baker with us now. what is your take? >> it is conflicting news. there is very little coverage. this is a remote region. this is a part of algeria that is kind of a waste land. this is all that nothing happens in a bubble in this region. the algerian army has been fighting extremists for years and years and years. it was an incredibly dangerous place to be. the armed islamic group was out there fighting the army and you lost hundreds of thousands of
when you are looking for your friend, maybe you are wanting to tax them. you cannot take it one step further and you can actually call them. facebook is trying to keep its site more sticky. we had graph search on earlier this week. this voice over ip addition will keep people from using other competitive products. no hardware, a software facebook phone. there you have it. connell: we will see if it works. thank you, shibani. dagen: we have some very critical news to bring you. a tent situation...
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Jan 13, 2013
01/13
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we are talking about a sales tax and it is alled the fair tax. what it means, yes, it could start at 15 percent x. rick unger makes a good point. states have their own sales tax system . it would make a competitive health care market. here is the problem, the senior lobby would lobby hard against it because seniors paid the income taxes and when they spend income in sales tax, they would be upset about it. >> michael, just for the sake of simplicity alone. the last tax increase that we had to endure makes the tax code more complex. for the sake of simplicity don't you want. >> i want a flat income tax and that makes it simple and fair and everyone to pay the porportion of their income in taxes that gives them the same amount of sn in the game and that would slow down government spending, wow, i am going to taxed for a new program. >> steve will not give you an argument on the flat tax, but the beauty of what is happening in the state level in this country, for all of the messiness that we have in the state level they are getting their act togethe
we are talking about a sales tax and it is alled the fair tax. what it means, yes, it could start at 15 percent x. rick unger makes a good point. states have their own sales tax system . it would make a competitive health care market. here is the problem, the senior lobby would lobby hard against it because seniors paid the income taxes and when they spend income in sales tax, they would be upset about it. >> michael, just for the sake of simplicity alone. the last tax increase that we...
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Jan 21, 2013
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they file taxes. now, i know you are against refunds, but do you think it's possible they delay refunds? >> i'm hopeful it's not. i think the reality is congress will do the right thing. possibly suspend the debt ceiling, allow for, you know, lenders to get paid both, you know, people holding treasuries as well as people who are actually lending the government money expecting a refund. gerri: if this gambit from the republicans does not work, are some at risk after not getting the refund? >> anything's possible. look, at the end of the day, if the ceiling is not raised and restrict expenses somewhere, refunds could be down the road. irs says if you electronically file, expect a refund within ten days, similar to last year, but, you know, they could say that now not knowing what's going to happen just, you know, a few weeks from now. gerri: we have no idea. the reality is the irs does not control this. >> absolutely not. gerri: that they have to react,d it takes a long time to make changes that need to
they file taxes. now, i know you are against refunds, but do you think it's possible they delay refunds? >> i'm hopeful it's not. i think the reality is congress will do the right thing. possibly suspend the debt ceiling, allow for, you know, lenders to get paid both, you know, people holding treasuries as well as people who are actually lending the government money expecting a refund. gerri: if this gambit from the republicans does not work, are some at risk after not getting the refund?...
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Jan 18, 2013
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tax increasing and spending. business people would get this deal done in an afternoon. this is what we do. >> maybe that's why ruth should go to washington. >> do you think bowles simpson is dead? will it ever come back? >> it's provided the energy of a we need bipartisan and both ingredients to make it work and we need sense of urgency because it's really important. that to me what bowles simpson was all about. >> now to wall street. are you telling investors just accept, this is it, what we have today? >> well, investors i think appropriately should be looking at risk adjusted returns. so -- >> sounds like a yes? >> no, the era of very high but very risk driven returns is over. okay? so what investors -- capital is doubled. leverage has been cut by two thirds. those are facts. now, the question is, but the quality of the returns you're now getting, i would argue is more stable, more predictable and more secure. >> right. and the compensation is lower. i thought it was pretty shocking what you guys did this week is that you basically said deferred cash bonuses to your
tax increasing and spending. business people would get this deal done in an afternoon. this is what we do. >> maybe that's why ruth should go to washington. >> do you think bowles simpson is dead? will it ever come back? >> it's provided the energy of a we need bipartisan and both ingredients to make it work and we need sense of urgency because it's really important. that to me what bowles simpson was all about. >> now to wall street. are you telling investors just...
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Jan 18, 2013
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>> he enacted the largest tax increase at the state level in history. i resigned as the chief republican whip in protest. john: he also funded stem cell research. i talk to the guy pusng this and i said you could pay for this yourself why is it a government job? >> democrats wanted to stick a thumb into the eye of georgia bush just like the emission standards to say we are californians. john: then i read this organization has to be revamped, a conflict of interest, all of this money is invested? >> now with about the initiative another large tax increase in history now by $50 billion. but they are lying. revenue projections will not come true. the balanced budget looks good in jittery but then the revenues come of you say it is a shortfall. it could be a billion or $30 billion. we will see that happen again. john: chuck devore you moved to texas? >> the states are so similar. population, the second and third states with land mass mass, more similar than different, both last with natural resources and a coastline with ports. similar on the surface why ar
>> he enacted the largest tax increase at the state level in history. i resigned as the chief republican whip in protest. john: he also funded stem cell research. i talk to the guy pusng this and i said you could pay for this yourself why is it a government job? >> democrats wanted to stick a thumb into the eye of georgia bush just like the emission standards to say we are californians. john: then i read this organization has to be revamped, a conflict of interest, all of this money...
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Jan 21, 2013
01/13
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he now has to pay a higher federal income tax rate, a higher medicare tax, and more tax on profits, dividend and interest, plus the new and much higher california income tax. he's losing, he says, 63 cents on the dollar. and he says there will be drastic changes, maybe leaving the state. but wait, phil, you ain't seen nothing yet. the obama team wants to tax the rich some more. the democrats must get a budget through the senate soon, and leading democrats want it to include yet higher taxes on wealthy people, oil and gas companies, and corporate profits. you thought we were done with raising taxes? wrong. tax more. don't cut spending. and ignore the debt. that's what's coming for another four years. stuart: monday january 21st, mar thin luther king -- martin luther king day. we're talking taxes, hollywood hypocrisy and we have the guest you hate to love all coming up. along with this company, e -- elizabeth macdonald by popular demand is back and so is charles and payne. here we are with varney & company. here's a direct quote from professional golfer phil mickelson, if you add up all the fe
he now has to pay a higher federal income tax rate, a higher medicare tax, and more tax on profits, dividend and interest, plus the new and much higher california income tax. he's losing, he says, 63 cents on the dollar. and he says there will be drastic changes, maybe leaving the state. but wait, phil, you ain't seen nothing yet. the obama team wants to tax the rich some more. the democrats must get a budget through the senate soon, and leading democrats want it to include yet higher taxes on...
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Jan 18, 2013
01/13
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income taxes are production taxes. they are taxes on people's ability to produce goods and services. a sales tax is a tax on consumption. on the other side of the coin. he is suggesting that he takes the sales tax exemption, people that are exempted, up to $2.4 billion, he wants to take those away and take away the income tax so that they will all be supported the things that he is doing in the state of nebraska. that is a great idea. it is a lesson that the united states congress should look at before wayne, in a federal level, you are saying congress look at this. >> it will not fly because they are morons. you have idiots up there that combined iq is minus 15. they are paid off the other way. the lobbyists would go out of business. if you had a national sales tax or a national consumption tax, it would be much better than an income tax. dagen: i understand that. it makes our national taxation system incredibly regressive, does it not? >> defined regressive for me. dagen: there is a greater burden on lower income ame
income taxes are production taxes. they are taxes on people's ability to produce goods and services. a sales tax is a tax on consumption. on the other side of the coin. he is suggesting that he takes the sales tax exemption, people that are exempted, up to $2.4 billion, he wants to take those away and take away the income tax so that they will all be supported the things that he is doing in the state of nebraska. that is a great idea. it is a lesson that the united states congress should look...
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Jan 14, 2013
01/13
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specifically getting rid of state income taxes and moving to sales taxes, consumption taxes. liz: they are showing the federal government how to do tax reform. what's really interesting is 37 of the 50 states the reason why this is happening is because one party control, one party control of the legislature and the governor. 37 out of the 50 states, that what's going on. stuart: 25 of those 37 are run by republicans, single party power within the state. 12 democrats. so you've got 25 states which could go for real tax reform. liz: real tax reform, that's right. what's interesting too north carolina is now talking about taxing services which would really hit the upper bracket tremendously, like accounting. stuart: that's interesting. because the general thing is to go to a consumption tax which hits everybody as opposed to just based on income. liz: not just things -- stuart: do you think this will go places at the state level? charles: i really do. these value added type taxes they grow and grow. stuart: right again, charles payne. right again. and the highlight reel, short o
specifically getting rid of state income taxes and moving to sales taxes, consumption taxes. liz: they are showing the federal government how to do tax reform. what's really interesting is 37 of the 50 states the reason why this is happening is because one party control, one party control of the legislature and the governor. 37 out of the 50 states, that what's going on. stuart: 25 of those 37 are run by republicans, single party power within the state. 12 democrats. so you've got 25 states...
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Jan 15, 2013
01/13
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backup for the government and the tax code. it is an inefficient way of subsidizing. sandra: a sign we are overtaxing and overregulating corporations and small businesses to the point data want to hire these people so people have to downgrade out of jobs they should be working in and educated to work in and take lower-level service jobs. very much a sign of the times. stuart: the government takes money off of this group to top off the income of that group. that is -- [talking over each other] stuart: that is my take. big money at the story everybody is talking about today, lance armstrong comes clean on informant -- performance enhancing drugs and made millions in prize money and endorsements, raise a lot of money for his cancer charity. we are a forgiving country. we really are. here is the question. will the nation give him a second chance or is he totally finished? we will ask that question. we have a pr executive on whether it lands can have his image and i have my take on mr. armstrong around 10:28 this morning on this pro
backup for the government and the tax code. it is an inefficient way of subsidizing. sandra: a sign we are overtaxing and overregulating corporations and small businesses to the point data want to hire these people so people have to downgrade out of jobs they should be working in and educated to work in and take lower-level service jobs. very much a sign of the times. stuart: the government takes money off of this group to top off the income of that group. that is -- [talking over each other]...
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Jan 15, 2013
01/13
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and mean, this is a tax on both sides of the aisle, and sometimes there is real racism than these to be pointed out. >> that is like crying wolf when it is not there just first the whole cause. when susan rice did not good to be secretary of state democrats said that is racism, because she is black. >> and the woman question we have up black boy named tracy was secretary of state and other republicans. >> as we did. yes we did. >> you pointed out something that he was too polite to say. he said during the campaign committee has every right to put those examples on because when that happened many people took exception to it. it was more than a dog whistle comments were anyone knew what to deny that happened is to make his case for him. lou: so if you argue as to menu just proved the case for him, and therefore all the damfool would argue about an objective standard of truth to what the value or racists confirms. that's pretty complicated and we that's pretty complicated and we thank you for sharin this is $100,000. that's pretty complicated and we thank you for sharin we asked total s
and mean, this is a tax on both sides of the aisle, and sometimes there is real racism than these to be pointed out. >> that is like crying wolf when it is not there just first the whole cause. when susan rice did not good to be secretary of state democrats said that is racism, because she is black. >> and the woman question we have up black boy named tracy was secretary of state and other republicans. >> as we did. yes we did. >> you pointed out something that he was...
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Jan 21, 2013
01/13
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peter: the president also did however discuss revamping the tax code, reducing healthcare spending, trying to reduce deficits, but acknowledging the realities of divided government, said, quote, today's victories will only be partial. cheryl? cheryl: peter barnes of course standing by at the white house, big day in d.c., cold day as well. peter thank you. well, while most of the markets are closed today, money is still moving. now is your chance to make money on currencies. joining me now for a fox business exclusive interview is forex.com senior currency strategist. welcome. currency markets are moving today. currency is a bit of great interest with regards to the european currencies and there's japan. big meeting today, bank of japan, more concern about deflation in that country, what is your reading right now on the country of japan and the yen in particular? >> they have been taking some pretty extraordinary measures over the past to months or so -- past two months or so. been very very aggressive in terms of easing the japanese yen. he believes that's going to be the major thing to tu
peter: the president also did however discuss revamping the tax code, reducing healthcare spending, trying to reduce deficits, but acknowledging the realities of divided government, said, quote, today's victories will only be partial. cheryl? cheryl: peter barnes of course standing by at the white house, big day in d.c., cold day as well. peter thank you. well, while most of the markets are closed today, money is still moving. now is your chance to make money on currencies. joining me now for a...
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Jan 18, 2013
01/13
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without the income tax they were forced to limit the growth of their government. every state has prisons, schools but they find a way to fund those for less. those nine states gained population from other states, increase jobs four point* 9%. the other states declined. competition between neighboring states keeps them from indulging. new hampshire kept vermont politicians from going crazy. the existence of arizona and nevada teacher the california legislator from going crazy. they still do despite so many people moving. but it is good we have places like texas. smaller government means gross and a gradual increase while california shrinks. i hope the country watches and learns. that is our show. oee you next time. seven. the white house and state department confirming only the presence of some american citizens among the hostages, obviously relying principally on the algerian government for most of its information, although the united states has had drones over that plant for much of the time. so at this hour this is what we do know, that the algerian government h
without the income tax they were forced to limit the growth of their government. every state has prisons, schools but they find a way to fund those for less. those nine states gained population from other states, increase jobs four point* 9%. the other states declined. competition between neighboring states keeps them from indulging. new hampshire kept vermont politicians from going crazy. the existence of arizona and nevada teacher the california legislator from going crazy. they still do...